U.S. Energy Department Chooses TVA, Holtec to Develop Small Modular Reactors
The U.S. Department of Energy (DOE) has selected the Tennessee Valley Authority (TVA) and Holtec Government Services to pioneer the deployment of advanced small modular reactors (SMRs) in the United States. This collaboration aims to enhance nuclear energy capacity and bolster domestic supply chains.
Funding and Project Details
The selected project teams will receive up to $800 million in federal cost-sharing funding. This investment supports initial projects in two states: Tennessee and Michigan. The goal is to facilitate the deployment of new nuclear generation by the early 2030s.
Tennessee Valley Authority Initiatives
- Funding: $400 million
- Project: Deployment of a GE Vernova Hitachi BWRX-300 reactor at the Clinch River Nuclear site in Tennessee.
- Collaboration: Partnerships with Indiana Michigan Power and Elementl.
- Supply Chain Partners: Includes Scot Forge, North American Forgemasters, BWX Technologies, and Aecon.
- Support: Additional backing from Duke Energy, Oak Ridge Associated Universities, and the Electric Power Research Institute.
Holtec Government Services Plans
- Funding: $400 million
- Project: Deployment of two SMR-300 reactors at the Palisades Nuclear Generating Station site in Covert, Michigan.
- Approach: Holtec aims to provide an innovative comprehensive solution, serving as technology vendor, constructor, and operator.
- Partnership: Collaboration with Hyundai Engineering & Construction.
Strategic Importance of Small Modular Reactors
As electricity demand continues to rise, the DOE’s initiatives, endorsed by President Trump, highlight the significance of adding affordable and reliable energy resources. Small modular reactors provide several advantages:
- Flexible deployment options
- Proven and scalable technology
- Utilization of existing supply chains
Future Funding and Support
The DOE has previously issued a $900 million solicitation aimed at mitigating risks associated with Gen III+ SMR deployment. An additional $100 million will be allocated later this year to address challenges in design, licensing, supply chains, and site readiness.
This initiative marks a significant step in the U.S. effort to expand its nuclear energy capabilities. The focus on advanced SMRs reflects a commitment to enhancing energy security and positioning America as a leader in the global energy sector.
